Lenny Dykstra is a busy man

heyabbott · Dec 18, 2007

ATM: A Cash Cow or just a cow

SoCalDude · Dec 18, 2007

Doesn't the NFL have seminars in 2 or 3 places around the country before training camp where they bring in all the high draft picks and teach them now to protect their money and their identity?
I remember reading about one in San Diego a couple of years ago. Lesson No. 1, buy a document shredder. It went on from there.
But, considering the NFL, I guess nobody listens.

2muchcoffeeman · May 28, 2008

Update: Lawyers are involved, the magazine company is pissed and freelancers aren't getting paid.

AS former Mets star Lenny Dykstra prepares to participate tonight in a panel about how athletes and coaches apply lessons from the field to achieve success in business, a legal battle with a publishing company is telling a different story.

A number of freelancers for Dykstra's magazine, The Players Club, claim that they have not been paid for articles they wrote for the second and third issues of the magazine, which is at the center of a legal tussle between magazine publisher Doubledown Media and Dykstra.

For those keeping track, the first issue of The Players Club came out in early April, complete with a $400,000 launch party and a ton of favorable publicity about a magazine that was distributed for free and aimed at providing pro athletes with financial advice. Even The New Yorker wrote a glowing profile on Dykstra as an eccentric but well-meaning and successful entrepreneur.

But issues No. 2 and 3 have been a source of heated disputes that have left freelancers unpaid as Doubledown and Dykstra wage a nasty legal feud over whether Dykstra was ripped off by Doubledown, as he claims, or whether the former baseball great stole the second issue of the magazine from Doubledown, as the publisher claims.
Click to expand...

http://www.nypost.com/seven/05282008/business/freelancers_strike_out_112854.htm

The Big Ragu · May 28, 2008

SoCalDude said:

Doesn't the NFL have seminars in 2 or 3 places around the country before training camp where they bring in all the high draft picks and teach them now to protect their money and their identity?
I remember reading about one in San Diego a couple of years ago. Lesson No. 1, buy a document shredder. It went on from there.
But, considering the NFL, I guess nobody listens.
Click to expand...

The NFL Symposium. It's mandatory and they hit them with a ton of stuff from watching who you associate with to financial management. They drill the stuff in over and over again... You can lead a horse to water, but...

Rockbottom · May 28, 2008

Didn't Nails talk about the mag in his interview/blowjob on HBO's Real Sports a while back?

rb

Norman Stansfield · May 28, 2008

Rockbottom said:

Didn't Nails talk about the mag in his interview/blowjob on HBO's Real Sports a while back?

rb
Click to expand...

Only in passing, really.

The guy's supposedly some kind of financial savant, though all I really took away from that piece was how much he now resembles Larry Flynt (without the wheelchair).

Write-brained · May 28, 2008

Write-brained said:

Actually, the story ideas and headlines for this magazine are endless. Where do I apply?

Needle in a haystack: How to hide your steroid payments from authorities.

Shaqing Up: Top 10 ways to pay off the hos so no one knows.

Mother Load: Keeping the baby mommas in check without losing your paycheck

Vicktim: How the quarterback could have broken the law AND kept his signing bonus.

Richy Rich: How to screw over your team AND keep your signing bonus.

Making it Rain Fund: A column from PacMan Jones on the importance of setting aside money in the event you commit a felony.

Pettite Cash: Learn from Andy - take the fat contract THEN admit to steroid use.

Romo and Juliet: The importance of focusing on the ball and not the babes.

Brady Bunch: Being the best baby daddy you can be.
Click to expand...

Six months later and another story idea:

Gamblers' Anonymous: Five ways to keep your huge gambling debts out of the media, co-written by Charles Barkley and Pacman Jones.

I should put these in a column.

DocTalk · May 28, 2008

Dykstra is also running a money management fund for athletes. From Fortune Magazine:

The Player's Club hasn't signed up its first player yet, but it will require each one to invest at least $250,000. Professional money managers of Dykstra's choosing will manage the assets.

I believe that the fees he charges are significant.

As well, he is a columnist for Street.com and occasionally shows up giving investment advice on CNBC and Fox News

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Lenny Dykstra is a busy man

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